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This entry was published on 2014-09-22
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SECTION 1217
Commissions
Not-for-Profit Corporation (NPC) CHAPTER 35, ARTICLE 12
§ 1217. Commissions.

(a) A receiver shall be entitled, in addition to his necessary
expenses, to such commissions upon the sums received and disbursed as
may be allowed by the court, as follows:

(1) On the first twenty thousand dollars, not exceeding five percent;

(2) On the next eighty thousand dollars, not exceeding two and
one-half percent; and

(3) On the remainder, not exceeding one percent.

(b) If the commissions of the receiver so computed do not amount to
one hundred dollars, the court in its discretion may allow such sum not
exceeding one hundred dollars as shall be reasonable.

(c) When more than one receiver shall be appointed, the compensation
herein provided shall be divided between them, as the court directs.